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REGISTERED NUMBER: 13837648 (England and Wales)

















Adira Financial Services Ltd

Financial Statements for the Year Ended 31 January 2024






Adira Financial Services Ltd (Registered number: 13837648)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adira Financial Services Ltd

Company Information
for the year ended 31 January 2024







DIRECTOR: Mrs C L Browne





REGISTERED OFFICE: 40 Petfield Drive
Anlaby
East Yorkshire
HU10 7ET





REGISTERED NUMBER: 13837648 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Adira Financial Services Ltd (Registered number: 13837648)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,009 1,220

CURRENT ASSETS
Debtors 5 1,750 395
Cash at bank 64,962 24,842
66,712 25,237
CREDITORS
Amounts falling due within one year 6 45,450 30,022
NET CURRENT ASSETS/(LIABILITIES) 21,262 (4,785 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,271

(3,565

)

PROVISIONS FOR LIABILITIES 192 -
NET ASSETS/(LIABILITIES) 22,079 (3,565 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 22,077 (3,567 )
SHAREHOLDERS' FUNDS 22,079 (3,565 )

Adira Financial Services Ltd (Registered number: 13837648)

Balance Sheet - continued
31 January 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 February 2024 and were signed by:





Mrs C L Browne - Director


Adira Financial Services Ltd (Registered number: 13837648)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Adira Financial Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

Adira Financial Services Ltd (Registered number: 13837648)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 833 125 529 1,487
Additions 92 - - 92
At 31 January 2024 925 125 529 1,579
DEPRECIATION
At 1 February 2023 138 24 105 267
Charge for year 197 21 85 303
At 31 January 2024 335 45 190 570
NET BOOK VALUE
At 31 January 2024 590 80 339 1,009
At 31 January 2023 695 101 424 1,220

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26 395
Prepayments 1,724 -
1,750 395

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,194 -
Tax 18,330 -
Directors' current accounts 22,342 28,822
Accruals 3,584 1,200
45,450 30,022